The company’s quarterly performance included adjusted earnings of $1.47 per share, topping analyst views by $0.22 against expectations of earnings of $1.25 per share.
Hasbro reported quarterly revenue of $1.00 billion, missing analyst estimates by $60.00 million versus $1.06 billion.
The quarterly earnings and revenue both moved higher from the prior-year period, with earnings increasing 41.3 percent and revenue rising 12.7 percent.
Providing financial guidance, Hasbro forecast revenue expectations for the fiscal year 2026 in the range of $4.84 billion to $4.94 billion, versus analyst estimates of $4.95 billion.
“The first quarter was a strong start to the year and reflects tailwinds from our Playing to Win strategy. Wizards continues to break records, supported by MAGIC: THE GATHERING’s flywheel of player growth and expanded distribution,” said Chris Cocks, Hasbro Chief Executive Officer.
Ahead of the open, Hasbro shares are down 4.32% to a price of $93.00. This represents a decline of $4.20 from the previous close of $97.20. The company’s shares are currently trading within a 52-week range of $64.74 to $106.98.
